Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Location and Fair Value of Derivative Instruments Designated as Hedging Instruments

The location and fair value of derivative instruments that are designated as hedging instruments recognized in the condensed consolidated balance sheets are as follows:

	Balance Sheet Location	Fair Value of Derivatives
Derivatives Designated as Hedging Instruments		September 30, 2015		December 31, 2014
(dollars in millions)
Forward currency contracts	Other current assets	$	2.7	$	1.9
Option currency contracts	Other current assets		6.2		9.3
Interest rate swap contract	Other current assets		1.4		—
Forward currency contracts	Other assets		0.6		—
Option currency contracts	Other assets		0.7		—
Interest rate swap contracts	Other assets		—		4.9
		$	11.6	$	16.1
Forward currency contracts	Accrued expenses	$	7.3	$	6.6
Interest rate swap contract	Accrued expenses		10.5		—
Forward currency contracts	Other long-term liabilities		1.4		—
		$	19.2	$	6.6

Location and Amounts of Gains and Losses on Derivative Instruments Designated as Cash Flow Hedges

The location and amounts of gains and losses on derivative instruments designated as cash flow hedges and the impact on shareholders’ investment are as follows:

	Gain/(Loss) Recognized in Other Comprehensive Income (Loss)						Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income	Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income
	Quarter Ended September 30,							Quarter Ended September 30,
	2015			2014				2015			2014
(dollars in millions)
Forward currency contracts	$	(3.6	)	$	(1.7	)	Cost of goods sold	$	(1.6	)	$	0.1
Option currency contracts		(2.4	)		1.9		Cost of goods sold		4.5			(0.6	)
Interest rate swap contract		(12.9	)		—		Interest expense		—			—
	$	(18.9	)	$	0.2			$	2.9		$	(0.5	)

	Gain/(Loss) Recognized in Other Comprehensive Income (Loss)						Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income	Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income
	Nine Months Ended September 30,							Nine Months Ended September 30,
	2015			2014				2015			2014
(dollars in millions)
Forward currency contracts	$	(5.4	)	$	(0.8	)	Cost of goods sold	$	(1.0	)	$	0.9
Option currency contracts		8.0			1.9		Cost of goods sold		9.0			(1.6	)
Interest rate swap contract		(10.7	)		—		Interest expense		—			—
	$	(8.1	)	$	1.1			$	8.0		$	(0.7	)

Location and Amounts of Gains and Losses on Derivative Instrument Designated as Fair Value Hedge

The location and amounts of gains and losses on the derivative instrument designated as a fair value hedge are as follows:

	Location in Statement of Operations		(Loss) Recognized on Swap												Gain Recognized on Debt
			Quarter Ended September 30,						Nine Months Ended September 30,						Quarter Ended September 30,				Nine Months Ended September 30,
			2015			2014			2015			2014			2015		2014		2015		2014
(dollars in millions)
Interest rate swap contract		Interest expense	$	(1.2	)	$	(1.3	)	$	(3.3	)	$	(3.2	)	$	1.2	$	1.3	$	3.3	$	3.2

Financial Instrument Assets and (Liabilities) Measured at Fair Value on Recurring Basis

The following table summarizes certain financial instrument assets and (liabilities) measured at fair value on a recurring basis:

	September 30, 2015			December 31, 2014
(dollars in millions)
Forward currency contracts	$	(5.4	)	$	(4.7	)
Option currency contracts		6.9			9.3
Interest rate swap contracts		(9.1	)		4.9